Indian markets witnessed the launch of the first-ever live Carbon Index BSE-GREENEX,
BSE Ltd in association with gTrade
This Index will be helpful to Asset Managers for creation of various products, to help investors to invest in the green theme of India. BSE-GREENEX is expected to have a feedback effect on companies' reputation. It will help the Government to gauge policy implementation and acceptance with regard to energy usage and efficiency measures, as the market follows an efficient signalling mechanism which adjusts positively or negatively to any news/policy shifts.
BSE Ltd in association with gTrade
- (supported by GIZ promoted by Federal Republic of Germany, Observer Research Foundation and IIM Ahmedabad) has constructed BSE-GREENEX - designed specifically to promote green investing, with emphasis on financial performance and long term viability of companies.
- It is based upon purely quantitative and objective performance signals to assess carbon performance.
- (Tata Steel, State Bank Of India, Larsen & Toubro, ICICI Bank, Tata Motors, Sun Pharmaceutical, NTPC, Dr Reddy's Laboratories, HDFC, BHEL, GAIL (India), HUL, Cipla, Sterlite Industries, Tata Power, Ambuja Cements, Lupin, DLF, Glaxosmithkline Pharmaceuticals and Reliance Infrastructure) based on Green House Gas Numbers, Free Float Market capitalisation & Turnover.
This Index will be helpful to Asset Managers for creation of various products, to help investors to invest in the green theme of India. BSE-GREENEX is expected to have a feedback effect on companies' reputation. It will help the Government to gauge policy implementation and acceptance with regard to energy usage and efficiency measures, as the market follows an efficient signalling mechanism which adjusts positively or negatively to any news/policy shifts.
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